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Forbes Releases New Billionaire Rankings As Musk Reclaims No. 1 Spot (Full list)

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Elon Musk has once again claimed the top spot on Forbes’ list of the world’s richest individuals, thanks to a sharp rise in Tesla shares and a strategic withdrawal from public office.

As of June 1, 2025, Musk’s estimated net worth stands at a colossal $423 billion.

According to Forbes, Musk’s fortune rose by $36 billion in May alone — largely fueled by a 23% rally in Tesla stock following news of the company’s anticipated robotaxi rollout.

The billionaire also stepped down from his role as head of the U.S. Department of Government Efficiency, a position he held under President Donald Trump.

READ ALSO: Elon Musk Joins Trump Administration To Cut Bureaucracy

Musk made the announcement alongside Trump during a press briefing in the Oval Office of the White House on May 30.

The image of Musk removing his cap as he addressed journalists next to the U.S. President underscored the end of his formal political engagement and a renewed focus on his private ventures: Tesla, SpaceX, xAI, and X.

Forbes remarked that this series of events “further cemented Musk’s status as the world’s wealthiest person by far.”

Tech fortunes dominated the latest rankings. Mark Zuckerberg climbed to second place with $224 billion, displacing Jeff Bezos, who now sits in third with $220 billion.

Zuckerberg’s rise was propelled by an 18% jump in Meta’s share price, while Bezos benefitted from an 11% boost in Amazon stock, adding $19 billion to his wealth.

Meanwhile, the global market rebound — particularly in the tech-heavy Nasdaq and S&P 500, which gained 10% and 6% respectively — provided fertile ground for wealth accumulation across the tech sector.

The remaining names in the top ten reflect familiar faces:

Larry Ellison (Oracle) – $206bn

Warren Buffett (Berkshire Hathaway) – $158bn

Bernard Arnault (LVMH) – $144bn

Larry Page (Google) – $142bn

Sergey Brin (Google) – $136bn

Steve Ballmer (Microsoft, LA Clippers) – $133bn

Amancio Ortega (Inditex/Zara) – $124bn

While most billionaires saw gains in May, Buffett experienced a notable decline.

Forbes reported that he lost $9 billion following his announcement to step down as Berkshire Hathaway CEO — a decision that triggered a 5% drop in the company’s stock. Arnault also lost $3 billion due to a slight dip in LVMH shares.

Steve Ballmer moved up the list, surpassing Ortega after Microsoft’s stock jumped by 16%, adding $15 billion to his fortune.

Ortega, on the other hand, saw only a modest $600 million gain due to flat movement in Inditex shares.

Together, the top ten richest people now control a combined $1.9 trillion — an increase of $140 billion in just one month.

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Entertainment

‘I’ll Control Him’ — Ayra Starr Reveals What Happens If She’s Richer Than Her Partner

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Ayra Starr Describes Stage Fall as Embarrassing

Nigerian singer Ayra Starr has sparked a debate over money and power in relationships after revealing how she would behave if she were financially richer than her male partner.

The “Bloody Samaritan” hitmaker shared her views on financial disparity in relationships while speaking on an episode of the Wahala podcast.

SEE ALSO: Ayra Starr Breaks Records, Hits One Billion Views On YouTube

Ayra Starr said that if she dates a man who is not as wealthy as she is, she would naturally have control over him because of her financial advantage.

According to the singer, however, being richer than her partner would not mean he would be exempted from providing for her.

“If I date a man who I am richer than, I will control him. But even if I am richer, he will still be providing, and I won’t let him know I have a lot of money,” she said.

Ayra Starr also disclosed that she would deliberately keep the extent of her wealth away from such a partner, meaning he would not necessarily know that she has substantial financial resources.

Her comments have since generated mixed reactions from members of the public.

While some people agreed with the singer’s position, arguing that “it is a man’s job to provide” regardless of how much his female partner earns, others criticised her stance.

Critics particularly questioned her decision to hide her financial status from a future partner, arguing that openness about finances is an important part of a relationship.

The singer’s comments have consequently reignited conversations about financial power, control, transparency and traditional gender expectations in relationships.

The debate also comes amid growing conversations about changing gender roles, as more women attain financial independence and, in some cases, earn significantly more than their male partners.

Ayra Starr, who has established herself as one of Nigeria’s prominent Afrobeats artistes, continues to attract attention both for her music and her outspoken comments on issues surrounding relationships and society.

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Entertainment

Funke Akindele, Ex-Husband JJC Skillz Reunite in Paris, Spark Reactions

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Actress Funke Akindele Attacked At Lagos Campaign

Nollywood actress and filmmaker, Funke Akindele, and her former husband, Abdulrasheed Bello, popularly known as JJC Skillz, have sparked reactions online after they were spotted together in Paris, France, during a family holiday.

The former couple were seen spending time with their twin sons while exploring different parts of the French capital.

In a video shared by JJC Skillz on Snapchat on Wednesday, Akindele and her ex-husband were seen with their children at what appeared to be a shopping centre in Paris.

SEE MORE: Nollywood Mourns as Veteran Actor Taiwo Hassan ‘Ogogo’ Dies at 66

The video was captioned, “Family time.”
In another clip, JJC Skillz asked Akindele, “Mama Ibeji, are we playing games?”
She replied, “Yess ooo.”

The former couple were also reportedly spotted at the Eiffel Tower, according to videos shared online.

Akindele also shared a video showing herself, JJC Skillz and their children at a PlayStation section of what appeared to be a mall in Paris.

The family outing comes after Akindele and her children travelled to the United Kingdom for a holiday following the completion of her latest cinema project, The Four.

Akindele and JJC Skillz got married in London in 2016 and welcomed twin boys in 2018.

However, in June 2022, JJC Skillz announced their separation in an Instagram post, citing

“irreconcilable differences.”
Despite their separation, the former couple have continued to maintain a relationship centred around their children.

Their latest reunion in Paris has attracted attention online, with the videos showing the pair enjoying family moments with their children.

The Paris outing is also not the first time Akindele and JJC Skillz have been seen together publicly since their separation.

In 2023, the former couple were spotted together at the Lagos premiere of their movie, She Must Be Obeyed. They were seen dancing and embracing as they joined other celebrities at the event.

JJC Skillz also directed the movie.

 

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Entertainment

Billionaire Okoya’s Son Quits Music, Reveals Why He’s Leaving

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Nigerian Afrobeats singer Raheem Okoya, popularly known as Siraheem, has announced his decision to stop releasing new music, citing the difficulty of balancing his music career with other commitments.

Siraheem, the son of billionaire industrialist Rasaq Okoya, made the announcement in a statement shared on his official Instagram page on Wednesday.

The singer said his journey into music began as a hobby with friends before gradually developing into a serious career.

SEE MORE: ‘Gospel Music Has Power To Transform Nigeria’ – Pastor Declares

“My career began simply, music was a hobby I made with my boys as a means of bonding and connection before it was anything else,” he said.

According to Siraheem, sustaining his music career alongside his other responsibilities had become increasingly difficult over the past year.

“Over the past year, holding that alongside my other commitments has grown harder. I’ve always believed in giving everything my best and I no longer feel I can give this craft the effort, patience, and dedication it truly deserves,” he said.

Explaining his decision, the singer said he owed his fans and colleagues a professional conclusion to his current chapter.

“So I owe it to my true fans, and to my colleagues in this industry a professional exit, I have decided to stop putting out new music,” he stated.

However, Siraheem stressed that his departure from music would not end his creative pursuits. He revealed plans to diversify into other fields and pursue new ventures.

“To my fans the ‘Siraheem music’ era may be closing, but the creative in me is still hungry for new challenges, still reaching. The future stays positive. I have plans to diversify my creative palette into other fields and I will be back with new ventures,” he said.

The singer also left the door open for a possible return to music, particularly with songs he has already recorded.

Siraheem said music remains therapeutic to him and disclosed that he had spent the past year working on what he considered his best material yet.

“Music still remains therapeutic for me. With time, maybe the album finds its way into the world somehow after all,” he said.

Siraheem began releasing music professionally around 2022 and gained attention with songs including Bad Bitch Syndrome, Kowope, SOWETO and TRU$T FUND.

His debut project, By The Order Of The City, an eight-track project, was released on May 1, 2026.

Despite announcing his exit, Siraheem did not completely rule out a comeback.

“Who knows what the future still holds. Never say never,” he said.

He also thanked his fans and collaborators, Mr Fantasy and Mr Miyagi, for supporting him during what he described as an unforgettable year.

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